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IWML
$34.50+$0.00 (+0.00%)prev close
Change+$8.76
Held by
0
portfolios on TandT
Bookmarked by
0
users
Avg position size
—
of holders' portfolios
13F filers
0
institutions
52-week range
$20.19 – $37.81
81% from low
Sector
Asset Management - Leveraged
ETRACS 2x Leveraged US Size Factor TR ETN
IWML is a leveraged exchange-traded note (ETN) designed to deliver twice the daily performance of the Russell 2000 index. Given its geared structure, it is inappropriate for long-term holding and should instead be utilized as a short-term tactical trading instrument. The underlying Russell 2000 benchmark primarily tracks small-capitalization companies, but its composition also extends to include mid-cap and a significant number of micro-cap firms, collectively representing approximately 10% of the total market value. A critical characteristic is that its 2x leverage resets daily, meaning it targets two times the daily return of the index, not cumulative returns over extended periods. Additionally, the ETN's leverage target is rebalanced on a quarterly schedule. As an exchange-traded note, investors are exposed to the credit risk of its issuer, UBS. The underlying index itself undergoes an annual reconstitution process.
etracs.ubs.com/product/detail/index/ussymbol/IWML- Employees
- 103,177
- IPO / List date
- Feb 5, 2021
- HQ
- US
Held by traders on TradeandTell
No one on the platform currently holds IWML.
Super investors & insiders
Institutions holding (13F)
No tracked institution reports a position in IWML as of their last filing.
Insider activity (SEC Form 4)
Recent trades on TradeandTell
No one on the platform has traded IWML yet.